Allianz Life bolsters FIUL lineup with Allianz Life Pro+ Elite & Allianz Asset Pro+
New products bring increased flexibility to Allianz Life FIUL offerings, help address holistic planning needs.
Life Insurance
The colossal risk of buying life insurance without an agent
After speaking with hundreds of beneficiaries of denied life insurance claims, author Steve Burgess knows its obvious agents bring an even bigger value to buyers than just explaining policy features. Agents protect the colossal risk that causes claims to end up in what he calls the “Pit of Denied Claims.”
Retirees who own an annuity are more confident about maintaining lifestyle
Study finds the retiree annuity ownership rate is nearly 70% higher among households that have completed a formal plan than households without plans, yet advisors report they have completed formal retirement income plans for only 35% of their retired clients.
Expanded retirement savings opportunities, better access to annuities among IRI policy priorities for 2018
Just-released 2018 Retirement Security Blueprint focused on expanding opportunities to save for retirement, increasing access to lifetime income and protecting older investors.
Industry Briefs: A quick look at recent life and annuity news of note
Here’s a roundup of some of the news and events from a wide range of topics coming across the wires from life and health industry organizations and companies lately.
Millennials making progress toward retirement saving, but Social Media is an Achilles’ heel
New study from Allianz Life finds parents’ bad experiences also impact millennial financial behavior; Study also shows boomers finally showing signs of optimism about their retirement readiness.
9 worst scammers of 2017 named to Insurance Fraud Hall of Shame
An extensive (and expensive) list of perpetrators make up the “No Class of 2017” as determined by the Coalition Against Insurance Fraud.
World’s Best (budget-friendly) Places to Retire in 2018: Costa Rica takes top spot
Those approaching retirement without the funds to do so comfortably stateside may be interested in InternationalLiving.com’s recently released ranking of the “World’s Best Places to Retire.” IL also offers its “5 Most Affordable Retirement Havens” and “6 Top Retirement Spots where the Climate is Great.”
Business owners’ love of work may hinder succession planning
Nationwide draws parallel between number of business owners with no plans to retire and lack of succession plan in new study. Two in three business owners report not having one in place.
Boomers most likely to use an online source for life insurance info; Millennials more likely to work with financial pros
Younger generations often start out having more questions and feel working with a financial professional is the best way for them to learn and understand. The trend shows as buyers age, they feel more comfortable using other purchasing methods.
